Business News

Wages Up at Annual Level Despite Monthly Drop

Ljubljana, 15 April (STA) - Average salaries in Slovenia dropped by about a percent in February compared to the month before, though they were more than a percent higher than in February 2013.

The average gross wage was EUR 1,520.88, a decrease in real terms of 1% compared to January and 1.5% higher than in the year before.

The average net wage, meanwhile, was down 1.2% over January to EUR 994.34, which is still 1.1% higher than in February 2013.

In nominal terms the changes are very similar.

The wage trends were almost identical in the private and public sectors at the monthly level, with decreases of about a percent.

However, at the annual level public sector wages rose by only 0.3% as opposed to a 1.9% increase in the private sector.

Broken down by sector, employees in miscellaneous business activities (EUR 1,005) and the hospitality industry (EUR 1,076) had the lowest gross wages.

At the other end of the spectrum, the wages were more than double that in mining (EUR 2,391), the electricity and gas sector (EUR 2,384), and the finance industry (EUR 2,149).

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